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Re: NEM Official Thread - Redemption extended[Updates&Discussion]
Regarding exchanges after launch: are there some plans to use NXT MGW as exchange? If multisig will be ready, I think we need get rid off centralized exchanges and add NEM to MGW.
You mean NEM MGW?
It could be NEM MGW, of course. But there is working NXT MGW and I think 50% of Nemsters also using NXT.
I prefer to work on behalf NEM MGW rather than stuck with NXT... People who already had used NXT could have bought NEM from NX AE. This time it should be the opposite way.
Absolutely agree with! We get tired of the stuck with NXT
But Pat wrote, that NEM core devs will not have time for this. So what is the solution other, than use NXT MGW at the begining? Do you have one?
NXT/Supernet multigateway is a working solution and I think NXT/Supernet devs will help with NEM implementation in MGW.
I am not sure if NXT MGW is a working solution or not with this : https://docs.google.com/spreadsheets/d/1nsC0fEqqjKS8J8edm22bPtOvTcQsIvt41vP3O8xtON4/edit?pli=1#gid=0
NEM core devs may not have time. But surprises can come from elsewhere. We don't know for sure. But NEM's multisig shall put it in a much better position to manage the concerns of an MGW.
That's why all the more important why Multisig is a must for any crypto 2.0 roll out.
Yup this is exactly why we need multisig. Scary stuff
Re: NEM Official Thread - Redemption extended[Updates&Discussion]
For those of you wondering why the hell we need to wait around for this ' multisig thing', please read this article:
http://www.coindesk.com/2014-became-year-multisig/
This is going to be mandatory for new coins to stay relevant over the next year and beyond. Should we launch without it, more and more people will hesitate to adopt NEM as it will be left behind in terms of security. I cant imagine the butthurt if after all this waiting, we were labeled as old technology from day 1. We should be very grateful that our Devs are on top of this. I encourage everyone to be aware of the advantages of this coin so that we can effectively begin talking smack as soon as we launch.
http://www.coindesk.com/2014-became-year-multisig/
This is going to be mandatory for new coins to stay relevant over the next year and beyond. Should we launch without it, more and more people will hesitate to adopt NEM as it will be left behind in terms of security. I cant imagine the butthurt if after all this waiting, we were labeled as old technology from day 1. We should be very grateful that our Devs are on top of this. I encourage everyone to be aware of the advantages of this coin so that we can effectively begin talking smack as soon as we launch.
Re: NEM Official Thread - Redemption ends on 29 November[Updates&Discussion]
For me the most important issue is the not yet implemented/well tested multisig feature. There will be development funds and they should not be managed by singular persons. Everybody should understand that this is for public benefit.
It's good that we have beta builds, that are available for public testing.
Could someone ELI5 multi-sig? And why it's vital for NEM to have it on launch?
You wanted eli5...here it is.
Imagine you have a huge pile of cookies in a jar that is locked. It's a special lock and you need 3 keys to open the jar. The cookies belong to you, your brother and your sister. To make sure noone is eating everyone elses cookies the jar can only be unlocked when all 3 keys are turned. So noone get's any cookies unless everyone aggrees to take some out of the jar.
jar = wallet
cookies = fuckloads of NEMs
people = NEMs community (obv. there won't be 2000 keys)
the point is to not have a single person in controll of a huge amount of funds. Since we're going to have many NEMs sitting in funds we need multi-sig to make sure noone goes rouge.
Im assuming on this scale that the unlocking of the jar will require a certain percentage of keys?
Re: NEM Official Thread - Redemption ends on 29 November[Updates&Discussion]
Does your NEM have to be stored in NCC to be able to harvest? Or will harvesting be possible in an exchange account?
I'm confused about NEM, what do you mean by harvesting?
did you mean staking?
I thought NEMcoins are all pre-mined and they are fairly distributed to nemstakes holders.
How can they still be harvesting?
I haven't heard the word 'pre-mined' in like 6 months it seems.
Re: NEM Official Thread - Beta is here/Phase 2 Redemption begins[Updates&Discussion]
Can we please stop the coin number discussion? People are talking about NEM when they are discussing it, not the "8 or 8.888 billion total coin cryptocurrency". Total waste of time this..
+1Who will buy NEM after launch and what will they do with the money? How we could get new people from the outside of the BTT.
This is what we should be talking about right now. It seems like people are expecting to gain publicity for this coin by making sure that there are 888 trillion when in actuality, we should be assembling our swarm team and making a team effort to inform other people about nem. This number of coins issue is making us look like a joke right now. Its a total waste. Its a conversation that should have been had 5 months ago.
Re: NEM Official Thread - Beta is here/Phase 2 Redemption begins[Updates&Discussion]
A supply in the billions was once controversial until it was popularized by Doge, NXT and Ripple. Now many coins come out with a supply in the billions. It could very well be the case that a supply in the trillions will work better but we don't know as nobody has taken the initiative to try it.
I think from an international perspective the international monetary supply is around $20 trillion and then derivative, assets and other things do add up to $500 trillion to $1 quadrillion. So having a NEM supply at 800 - 888 trillion does fit that global scale.
I think it would also work better for tipping. Doge used to get a lot of interest as people were tipping each other millions of coins but nobody does this anymore because 1 million Doge = $200+ and you aren't going to tip a stranger $200 bucks+. People don't get as excited over a free 10,000 coins anymore. This change would mean each stake would get around 250 billion NEM each and that is a lot of tipping millions. It is a psychological thing but many people like the sound of millions and billions.
I don't think the motivation from anybody here is to cause a riot or a meltdown. I think we have to remember we are still in the innovation phase. The user base of this digital currency technology is only 500K-2M people when the internet in 1989 had up to 3 million. We should always be trying to take every unprecedented initiative we can with the hopes of introducing this technology to more people. One form of that, I guess, could be "much NEM much wow" where new users are lured in by receiving millions of coins.
I think from an international perspective the international monetary supply is around $20 trillion and then derivative, assets and other things do add up to $500 trillion to $1 quadrillion. So having a NEM supply at 800 - 888 trillion does fit that global scale.
I think it would also work better for tipping. Doge used to get a lot of interest as people were tipping each other millions of coins but nobody does this anymore because 1 million Doge = $200+ and you aren't going to tip a stranger $200 bucks+. People don't get as excited over a free 10,000 coins anymore. This change would mean each stake would get around 250 billion NEM each and that is a lot of tipping millions. It is a psychological thing but many people like the sound of millions and billions.
I don't think the motivation from anybody here is to cause a riot or a meltdown. I think we have to remember we are still in the innovation phase. The user base of this digital currency technology is only 500K-2M people when the internet in 1989 had up to 3 million. We should always be trying to take every unprecedented initiative we can with the hopes of introducing this technology to more people. One form of that, I guess, could be "much NEM much wow" where new users are lured in by receiving millions of coins.
We could update the NEM gold and silver coins to have much more impressive numbers!
I'm up in the air about the max coins available, but in my opinion our stakes shouldn't be increased any more over 2 million. The problem with Doge in my opinion is that too many people have way too many coins.
Do you mean that for one person should not be given more than 2 millions?
... or 1 NEMstake <= 2 million NEMcoins ?
If yes, then you may be right.
We may not perceive the big numbers well enough. With cryptocurrencies can be used a "helper": translate the coin amounts to dollar/euro/localCurrency values
... until crypto become more valuable.(Ofc, one can say that if someone has 4000 000 dollars, he can afford to go "little bit nuts" and give 10 000 dollars to everyone, who walks on the same street with him
)http://spacecollective.org/TheUndying/5970/Big-numbers-and-the-human-mind
Yes that's what I meant.
Re: NEM Official Thread - Beta is here/Phase 2 Redemption begins[Updates&Discussion]
A supply in the billions was once controversial until it was popularized by Doge, NXT and Ripple. Now many coins come out with a supply in the billions. It could very well be the case that a supply in the trillions will work better but we don't know as nobody has taken the initiative to try it.
I think from an international perspective the international monetary supply is around $20 trillion and then derivative, assets and other things do add up to $500 trillion to $1 quadrillion. So having a NEM supply at 800 - 888 trillion does fit that global scale.
I think it would also work better for tipping. Doge used to get a lot of interest as people were tipping each other millions of coins but nobody does this anymore because 1 million Doge = $200+ and you aren't going to tip a stranger $200 bucks+. People don't get as excited over a free 10,000 coins anymore. This change would mean each stake would get around 250 billion NEM each and that is a lot of tipping millions. It is a psychological thing but many people like the sound of millions and billions.
I don't think the motivation from anybody here is to cause a riot or a meltdown. I think we have to remember we are still in the innovation phase. The user base of this digital currency technology is only 500K-2M people when the internet in 1989 had up to 3 million. We should always be trying to take every unprecedented initiative we can with the hopes of introducing this technology to more people. One form of that, I guess, could be "much NEM much wow" where new users are lured in by receiving millions of coins.
I think from an international perspective the international monetary supply is around $20 trillion and then derivative, assets and other things do add up to $500 trillion to $1 quadrillion. So having a NEM supply at 800 - 888 trillion does fit that global scale.
I think it would also work better for tipping. Doge used to get a lot of interest as people were tipping each other millions of coins but nobody does this anymore because 1 million Doge = $200+ and you aren't going to tip a stranger $200 bucks+. People don't get as excited over a free 10,000 coins anymore. This change would mean each stake would get around 250 billion NEM each and that is a lot of tipping millions. It is a psychological thing but many people like the sound of millions and billions.
I don't think the motivation from anybody here is to cause a riot or a meltdown. I think we have to remember we are still in the innovation phase. The user base of this digital currency technology is only 500K-2M people when the internet in 1989 had up to 3 million. We should always be trying to take every unprecedented initiative we can with the hopes of introducing this technology to more people. One form of that, I guess, could be "much NEM much wow" where new users are lured in by receiving millions of coins.
We could update the NEM gold and silver coins to have much more impressive numbers!
I'm up in the air about the max coins available, but in my opinion our stakes shouldn't be increased any more over 2 million. The problem with Doge in my opinion is that too many people have way too many coins.
Re: NEM Official Thread - Beta is here[Updates & Discussion]
Getting the message "The time stamp of the transaction is too far in the future." When trying to send transaction. my system time is correct and I have tried changing the due time to 1 hour. Anyone else get this?
I will look into this issue. How much did your system time differ from real time? more than 20 seconds?
It seems to be on time to me. I am on pacific time. I went to date and time > 'internet time' tab > re- syncronized with time server and same issue. Also tried time.nist.gov time server. However, I am receiving Nem just fine.
Re: NEM Official Thread - Beta is here[Updates & Discussion]
Getting the message "The time stamp of the transaction is too far in the future." When trying to send transaction. my system time is correct and I have tried changing the due time to 1 hour. Anyone else get this?
Re: NEM Official Thread - Beta is almost here[Updates & Discussion]
Wait ... I registered my token, but I couldn't enter a NEM address at https://chain.nem.ninja/stakes/
Now I'm registered but without an address. Or will we have to provide one as soon as NEM launches and it will get sent to us?
Now I'm registered but without an address. Or will we have to provide one as soon as NEM launches and it will get sent to us?
Read the instructions. You don't add your nem address till step 3